Ron Paul Expresses His Views
February 4th, 2012
13 States Considering Issuing Own Currency of Silver and Gold
February 3rd, 2012
NEW YORK (CNNMoney) — A growing number of states are seeking shiny new currencies made of silver and gold.
Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option. Just three years ago, only three states had similar proposals in place.
Ron Paul Campaign Most Frugal
February 3rd, 2012
There’s no doubt about it. Ron Paul is cheap.
When Republican presidential rival Rick Perry stayed in Council Bluffs, Iowa, his campaign racked up a $1,204 tab at the Hilton Gardens Inn. When Paul visited Council Bluffs, he spent $64.38 at a Super 8 motel.
The Texas congressman’s campaign disclosure report, released to the public this week, reveals that he has worked to stretch his dollars on the presidential trail. His list of expenditures includes a number of purchases from businesses known for low prices, including Walmart, The Dollar Tree, Super 8, Subway and Casey’s General Store.
His favorite restaurant, McDonald’s, appeared more than 40 times. (After all, there’s nothing like a value meal)….
Paul’s biggest expense was his TV ads that saturated the air waves of Iowa and New Hampshire. However he managed to end the quarter with zero in debt — unlike Perry, Cain, Newt Gingrich, Rick Santorum, Jon Huntsman, Michele Bachmann, Tim Pawlenty, Buddy Roemer, Gary Johnson and Thaddeus McCotter.
Romney was the only other candidate without any debt.
And one more thing: Paul spends the money the way he raises it — in small chunks. Overall, 62 percent of Paul’s disbursements were for under $100. Just 5 percent of Perry’s expenditures were less than $100.
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January 28th, 2012
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True Reason War Drums beating for Iran that the American People Are Not Allowed To Know
January 23rd, 2012
According to a new and yet unconfirmed report, India bought oil from Iran using gold. India certainly has the gold resources to fund the oil, while Iran is under pressure by the West, due the continuation of its nuclear program.
There were reports that officials have been floating this idea for some time, and now, as the EU finally decided upon an oil embargo on Iran, more details became available, yet still pend confirmation.
Oil is priced in US dollars, and bypassing the greenback posed challenges for both parties. Two banks are reportedly involved in this deal: India’s state owned UCO Bank and Turkey’s state owned Halkbank.
Both banks don’t have any business with the US and therefore are less vulnerable to sanctions. According to the report, an Indian delegation has spent time in Tehran and finalized the details of the transactions.
The annual capacity of trade between these two countries is 12 billion dollars. With gold trading at around $1668, that is around 7.2 million ounces of gold.
The step joins Russia and Iran’s announcement to begin trading in their own domestic currencies rather than use the US dollar – a reserve currency.
These details about the gold for oil deal come on the day that EU officials announce an oil embargo on Iran starting on July 1st.
The time it took the EU to reach the decision, and the late implementation date make it very easy for Iran to enlarge exports to oil hungry and fast growing Asian countries.
The use of gold for buying the No. 1 commodity, will likely have positive implications for the precious metal, if this report is confirmed and especially if the use of gold widens to China – the world’s No. 2 economy.
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